Singapore Property Tax in 2016

In spite of pitching itself as one of the richest cities of the South East Asian countries, Singapore is reportedly losing on its potential investors following a steep increase of its property tax. At present, Singapore’s property sales tax is equating to 23.2% to 22.4% of property prices, which is reportedly the highest of all and the experts says that the recent tax inflation is the result of increased stamp duty being imposed on the foreigners.

As a city with increased convenience quotient, Singapore has always been the referred home for the expatriates across the world. Over the past few years, the property costs showed a steep rise, which triggered sheer discontent among the property occupants. The simmering discontent, thus slowdown the momentum of the posh living and convenient lifestyle in the city. Moreover, the government policies to a great extent and the levies exorbitantly charged have somewhat repelled the buyers’.

From the experts’ point of view, this is sure sign of splashed economy, but without taking necessary measures, a steep rise of the tax won’t help much. It’s just a few year back, the exponential rise of the property market sale, led the builders to approach the investors. But, at this point of time, when the government is not taking any sincere step to check the growing percentage of tax, the investors are mostly refraining from owning property in Singapore. Some new property developer are providing home and commercial space at low tax such as Stars of Kovan in Singapore.

Barnegat Tax Appeals Drai...
From Asbury Park Press: BARNEGAT — The township has lost more than $2 million from its coffers during the last five years due to property owners filing

No Matter Where You Live ...
NJ.com See which N.J. counties have the highest and lowest property taxes NJ.com TRENTON — Three New Jersey counties saw average property tax bills top $10,000

Reassessing Property Taxe...
The scene is all too familiar: A tax attorney in Weston, Fla., argues that his client’s home value has dropped 8 percent in the past year, making

Tax Appeal Scams Prevalen...
From Patch: Scammers are offering information that is useless and free for a cost, the Atlantic County Board of Taxation announced on Tuesday morning, March 19.

Entering the Combat Zone ...
MyCentralJersey.com Assessment appeals — the hearing MyCentralJersey.com We've concluded that it is worth pursuing the appeal and are going forward. We filed our notice with the

Risk In Being Underassess...
In the minutes of a recent council meeting in Westfield I saw something that caught my eye: a suggestion by the Finance Policy committee that the tax

Opt-Out For Towns Using P...
Asbury Park Press Monmouth Tax Board: Towns can opt out of pilot program Asbury Park Press For towns that stay in the pilot program, the Tax

If They Had Only Checked ...
From Star-Ledger: Jerry and Annette Auriemma stand outside their Maplewood home. The couple overpaid three years of property taxes after an appraiser hired by the town wrongly